Investors Purchase High Volume of Call Options on Varonis Systems (NASDAQ:VRNS)

Varonis Systems, Inc. (NASDAQ:VRNS) was the target of unusually large options trading activity on Thursday. Investors acquired 3,109 call options on the company. This represents an increase of approximately 206% compared to the typical daily volume of 1,017 call options.

Institutional Investors Weigh In On Varonis Systems

A number of hedge funds have recently modified their holdings of VRNS. Allworth Financial LP lifted its position in Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after purchasing an additional 463 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of Varonis Systems during the 3rd quarter valued at about $302,000. CIBC Bancorp USA Inc. bought a new position in shares of Varonis Systems during the 3rd quarter valued at approximately $677,000. Advisory Services Network LLC purchased a new stake in Varonis Systems in the 3rd quarter worth approximately $75,000. Finally, Castleark Management LLC lifted its holdings in Varonis Systems by 21.2% during the third quarter. Castleark Management LLC now owns 104,061 shares of the technology company’s stock valued at $5,980,000 after purchasing an additional 18,171 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. UBS Group reduced their price target on Varonis Systems from $70.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Varonis Systems in a report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their target price on Varonis Systems from $70.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Cantor Fitzgerald set a $60.00 price target on Varonis Systems and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Citigroup decreased their target price on Varonis Systems from $58.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $59.79.

Varonis Systems Stock Performance

NASDAQ:VRNS traded up $0.84 on Thursday, hitting $33.50. The stock had a trading volume of 620,875 shares, compared to its average volume of 1,746,548. The business’s 50-day simple moving average is $41.16 and its two-hundred day simple moving average is $49.85. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of -32.76 and a beta of 0.64. Varonis Systems has a 52-week low of $30.02 and a 52-week high of $63.90. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.75.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $161.58 million during the quarter, compared to analyst estimates of $166.47 million. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, research analysts predict that Varonis Systems will post -0.83 earnings per share for the current year.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.